United American Securities Inc. d b a UAS Asset Management Takes Position in Alibaba Group Holding Limited $BABA

United American Securities Inc. d b a UAS Asset Management bought a new position in Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, HoldingsChannel reports. The fund bought 20,000 shares of the specialty retailer’s stock, valued at approximately $3,575,000. Alibaba Group makes up 0.8% of United American Securities Inc. d b a UAS Asset Management’s portfolio, making the stock its 12th biggest holding.

Several other large investors have also recently bought and sold shares of BABA. FSA Advisors Inc. acquired a new stake in Alibaba Group during the 3rd quarter worth about $305,000. Contrarius Group Holdings Ltd increased its holdings in shares of Alibaba Group by 134.5% in the 3rd quarter. Contrarius Group Holdings Ltd now owns 365,117 shares of the specialty retailer’s stock valued at $65,257,000 after purchasing an additional 209,391 shares during the period. Focus Partners Advisor Solutions LLC lifted its position in shares of Alibaba Group by 40.6% in the third quarter. Focus Partners Advisor Solutions LLC now owns 5,041 shares of the specialty retailer’s stock worth $867,000 after purchasing an additional 1,455 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Alibaba Group by 12.1% during the third quarter. Kingsview Wealth Management LLC now owns 4,848 shares of the specialty retailer’s stock worth $867,000 after purchasing an additional 524 shares during the period. Finally, Elo Mutual Pension Insurance Co purchased a new position in Alibaba Group during the third quarter valued at approximately $4,402,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $135.48 on Wednesday. The business’s 50-day simple moving average is $158.64 and its 200-day simple moving average is $158.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. Alibaba Group Holding Limited has a 52 week low of $95.73 and a 52 week high of $192.67. The firm has a market cap of $323.45 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 3.12 and a beta of 0.43.

Analysts Set New Price Targets

BABA has been the subject of a number of research analyst reports. Macquarie Infrastructure reiterated an “outperform” rating on shares of Alibaba Group in a research report on Tuesday, November 25th. JPMorgan Chase & Co. cut their price objective on Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Barclays boosted their target price on Alibaba Group from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Benchmark reaffirmed a “buy” rating and set a $195.00 price target on shares of Alibaba Group in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group lowered their price target on Alibaba Group from $231.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.17.

Alibaba Group Profile

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.